by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Uncover the various financial aid options provided by Morehouse and determine which ones you may be eligible for by continuing your exploration.
$17,948.00 is the typical Morehouse College’s first year financial aid package. Financial aid is provided to about 94% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Morehouse College.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The following numbers apply to scholarships and grants largely offered by the school itself.
50% of incoming freshmen (279 total) were awarded scholarships at Morehouse College, averaging $19,324.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 52% of first years (293 total) were awarded federal grant aid, averaging $6,259.00 each.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 27.94% | $18,749.00 |
| Income 30k-48k | 14.23% | $14,835.00 |
| Income 48k-75k | 10.14% | $13,147.00 |
| Income 75k-110k | 7.47% | $12,716.00 |
| Income 110k + | 10.85% | $9,051.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
432 Morehouse undergrads obtain grant aid (this is about 94% of the entire undergraduate student population). The average amount these students receive is $17,948.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.